Tag: Ministry of Commerce & Industry

[New Delhi]Only One Compulsory Licence Granted By Controller :Patents Act Till date, one Compulsory Licence has been granted by the Controller of Patents under Section 84 of the Patents Act 1970 to M/s. NATCO Pharma, Hyderabad on 9-3-2012 for Indian Patent No. 215758 (Carboxyaryl substituted diphenyl ureas) which was granted to M/s. Bayer Corporation on 03-03-2008.The drug covered under this patent is “Sorafenibtosylate” and sold under the brand name “NEXAVAR”, isused for the treatment of kidney and liver cancer. Compulsory licences are granted according to the provisions of the Patents Act, 1970 and the term ‘Mandatory Licence’ is not used under the Act. As per Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha today., Compulsory Licences are issued as per the provisions in the Patents Act, 1970. There is no specific proposal pending at present before the Government for the grant of a compulsory licence.

[News Delhi] Startup India Summit in Goa to Mobilize Global Capital for Innovation in India The Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa, is hosting the annual Startup India Venture Capital Summit in Goa on December 07, 2018. The theme of the Summit is ‘Mobilizing Global Capital for Innovation in India.’ The event will showcase the Indian startup opportunity for funds from around the world. The summitaims to attract more global capital into the country. India has the world’s third largest startup base with more than 14,000 recognized Startups. More than 8,200 startups were recognized by DIPP in 2018 alone, leading to the creation of more than 89,000 new jobs this year, taking the total job creation contribution of recognized Startups to 1,41,775. Government of Goa is focused on building a vibrant startup ecosystem in the state. It aims to make the state, one of the most preferred start-up destinations in India, and ensure that Goa features in the top 25 start-up destinations in Asia by 2025 file photo

[New Delhi]Modi’s Prabhu to Take up Questions From Startups Tommorrow Union Minister of Commerce and Industry, Suresh Prabhu will address the Start up community by answering questions on Startup India. The objective of the live session is to address concerns and elaborate on the support which they can seek from Startup India. The live session will be held on Wednesday, 16th May at 4.30 pm on Suresh Prabhu’s social handles – Twitter and Facebook, along with Startup India’s social handles – Twitter, Facebook and YouTube. As per Ministry ,Participants need to use the hash tag #AskPrabhu and put their questions across before the live session. Select questions will be answered by Suresh Prabhu.

[New Delhi] Govt Recognises Only 8,625 Startups As per the data available with Startup India, a total of 8,625 Start-ups have been recognised as on 30 March, 2018. 2711 start-ups where incorporated in 2017-18. This information was given by Minister of State of Commerce & Industry, Shri C. R Chaudhary in a written reply in the Rajya Sabha today. The Minister said that the ‘State Startup Ranking Framework’ is spread across 7 areas of interventions with a total of 38 action points and overall score of 100 marks. The areas of interventions include Startup policy and implementation, incubation support, seed funding support, venture funding support, simplified regulations, ease of public procurement and awareness and outreach.

[New Delhi]1.72 Lakh Patents Waiting For Disposal .Patent offices working in Delhi, Chennai, Kolkata and Mumbai Department of Industrial Policy and Promotion (DIPP) has taken multipronged approach to increase disposal of patent applications. The pendency of patent applications at examination stage has come down from 2.04 lakh as on 31st March 2017 to 1.72 lakh as on 28th of February this year. This information was given by the Minister of State of Commerce and Industry, C R Chaudhary, in a written reply in the Lok Sabha today. He said that 6235 applications were examined in February 2018 as against 3925 during the corresponding period during last year. The Minister informed that the manpower has been augmented for examination and disposal patent applications, 495 Examiners of Patents and Designs have been recruited and 84 new posts of Examiners and 95 posts of controllers have been sanctioned for patent offices.

[New Delhi] Suresh Prabhu Invites Inc Collaboration for New India Government and Indian Incis required to work as a team for translating the vision of New India into reality. A plan where people and government work together on a single platform has to be put in place with collaborative efforts and shared responsibilities, said Suresh Prabhu, Union Minister for Commerce & Industry, Government of India while addressing the CII Northern Region Annual Conference on New India: Translating Aspirations into Reality at New Delhi, today. Manufacturing sector’s contribution to GDP stands at 16% at present as against the desired target of 20%. To enhance contribution of manufacturing to GDP, path breaking initiatives have been taken by the Government. Some of these initiatives include pumping in unprecedented Rs.3.75 lakh crores into Indian Railways, investments in infrastructure, strengthening of Ease of Doing Business, comprehensive policy for air cargo, etc. Capt Abhimanyu, Minister for Finance, Government of Haryana hailed CII for playing a key role in unleashing competitive and cooperative federalism amongst states and made them realise of their potential and unique advantages. Ms Shobana Kamineni, President, CII, said “, India has the potential for 8% growth rate in the coming few years..Reforms such as GST, Bank Recapitalization, Insolvency and Bankruptcy Code, etc. have provided impetus to investments.” Chandrajit Banerjee, Director General, CII, said that CII would continue to work closely with the Central and state governments in realising Hon’ble Prime Minister’s vision of creating a ‘New India’ by 2022. Sumant Sinha, Chairman, CII Northern Region, said, “We believe that it is imperative to identify certain parameters and work on those in a time-bound manner to take India to a higher and sustainable growth trajectory. While Central Government is giving a vision and working towards creating a necessary ecosystem, the real action is in the states. Support and backing of the citizens is imperative to bring major transformation.”

[New Delhi] Center Launches 3 New Tools For Ranking Of Startups , to drive India’s economic growth. Three new tools for States and Union Territories for ranking of startups in the country was launched by Union Minister of Commerce and Industry at a function today. The tools are: the State and Union Territory Startup Ranking Framework, the Compendium of Good Practices for Promoting Startups in India and the Startup India Kit. India is home to about 20K startups, with about 1,400 beginning operations every year. Entrepreneurs are introducing new solutions everyday and also improving existing processes. The key objective of the Startup States and UTs Ranking Framework is to encourage States and UTs to take proactive steps towards strengthening the Startup ecosystems at the local level.

[New Delhi]Nirmala Discusses Trade Deficits With Shouwen And Demands Market Access for Indian Goods in the Chinese Markets. In a Bilateral Meeting , Commerce and Industries Minister, Mrs Nirmala Sitharaman and Wang Shouwen, Vice Minister for Ministry of Finance and Commerce, China exchanged notes on trade and commerce and agreed that the mounting bilateral trade deficit has been a cause for concern for India which seeks greater market access for its goods for a long term sustainable trade relationship. Commerce Minister requested for expeditious clearances for import of Indian Rice and a ‘Green Channel’ for import of Indian Pharmaceutical products to China – especially those which already have USFDA and EUFDA accreditation. She also requested the Chinese Vice minister to consider demonstration IT/ITeS projects for Indian companies – which have acquired global acclaim. She expressed concerns at the long drawn procedures for clearances which tend to frustrate the Indian companies seeking business opportunities in China. Smt. Sitharaman requested for ‘buying missions’ to India to source amongst other things, Indian Tobacco and oil meals. The two leaders in consonance with the apex level meetings convened by the Prime Minister Mr Modi and Mr Xi Jinping, agreed that measures on providing greater market access for Indian goods and services in China need a demonstrative action. The Chines Vice Minister assured that China would act on the concerns expressed by India regarding market access for Indian goods in the Chinese markets. He informed that recently China has quickened the pace of granting clearances to Indian Pharma companies for import of Indian Pharma products. The Chinese Vice Minister further requested the cooperation of India in the various multilateral fora where China and India are engaged – the RCEP and assured that India’s concerns on a ‘Single undertaking’ will be duly taken on board with services being an integral part of the cooperation agreement.

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